Regulatory

3 stories across channels

CLARITY Act Stablecoin Yield Text Released: Broad Ban on Balance-Based Rewards, Narrow Carve-Out for Activity Incentives

The draft text of the Digital Asset Market Clarity Act's stablecoin yield compromise was released March 24 after industry and banking review. The draft bans digital asset service providers from offering yield on stablecoin balances — directly or indirectly — while permitting activity-based rewards tied to loyalty programs, promotions, and transactions. The SEC, CFTC, and Treasury must define anti-evasion rules within 12 months. Senate Banking markup targeted for late April.

The Web3 Ops Desk · Wednesday, March 25, 2026

CFTC Launches Innovation Task Force for Crypto, AI, and Prediction Markets — Coordinates with SEC via MOU

CFTC Chairman Michael Selig unveiled a new Innovation Task Force on March 24 focused on developing regulatory frameworks for crypto assets, AI autonomous systems, prediction markets, and event contracts. The task force will coordinate with the SEC's Crypto Task Force via the recently signed memorandum of understanding. Michael J. Passalacqua leads the initiative.

The Web3 Ops Desk · Wednesday, March 25, 2026

Congress Schedules Dedicated Tokenization Hearing as RWA Market Passes $12 Billion

The House Financial Services Committee holds a dedicated tokenization hearing on March 25 as the real-world assets market surpasses $12 billion. The hearing arrives amid ongoing CLARITY Act negotiations and signals Congress's focus on clarifying regulatory treatment of tokenized securities and on-chain capital markets infrastructure.

The Web3 Ops Desk · Wednesday, March 25, 2026